AV Calculation Method

Here are the steps to Create AV Calculation Method. To learn more, you can also watch this RADIX Online tutorial video:

To create AV Calculation Method in Radix,

1. Go to Masters > Others > AV Calculation Method.

2. GST Assessable Value (AV) Calculation Method entry form will open. Enter details here such as:

Formula - Enter the name of the AV Calculation Method you want to create.

Code - This field will be auto-generated. However, if you want you can change it.

Name - This field will be auto-generated. However, if you want you can change it.

Formula - Press F4 button and set the formula of your AV Calculation Method. Add the variables you want to add and similarly, subtract the variables you want to deduct.

Rate Inclusive Tax? - Tick this option, if the rate is inclusive of tax, otherwise leave blank and proceed.

You can enter the fields you want and leave rest of the fields blank and proceed.

3. Go to 2 Advanced section. Enter details here such as:

Apply Date - Enter the date, when GST got applied in your company.

Function Type - Select the function/transaction type here.

For e.g; If you select Sales option, then this AV Calculation Method will be added to all the Sales day-books.

Round Assessable Value - Select Not Rounding option here, from the list of options displayed.

Round GST Tax - Select Not Rounding option here, from the list of options displayed.

Notes - Press F4 button and enter remarks/information here, if any.

You can enter the fields you want and leave rest of the fields blank and proceed.

4. Once all the details have been entered, click on Save button. Your AV Calculation Method will be created.

5. New button will be activated. To create another AV Calculation Method, click on New button and start again with step 3.